introduction to indian economy section 14 MCQ Questions & Answers Detailed Explanation

Answer: (a)

The team which developed HDI was led by Mehbub ul Haq and Inge Kaul.

Answer: (b)

In India, no subsidy is given to Aviation Turbine Fuel (ATF). Indian Oil Aviation Service is a leading aviation fuel solution provider in India and the most preferred supplier of jet fuel to major international and domestic airlines. Jet fuel is a colourless, combustible, straight-run petroleum distillate liquid.

The highly punitive fiscal regime in India is the primary problem for the aviation sector. The cost of Aviation Turbine Fuel in India is almost 60% higher than international benchmarks.

Combined with a high base price, fuel now represents 45-55% of a carrier’s operating costs.

Answer: (c)

Eleventh Five-Year Plan (2007–2012) aims to

1. accelerate GDP growth from 8% to 10% and then maintain at 10% in the 12th Plan in order to double per capita income by 2016–17;
2. create 70 million new work opportunities;
3. increase the agricultural GDP growth rate to 4% per year to ensure a broader spread of benefits; etc.

Answer: (b)

The long-term objective of NPP is to achieve a stable population by 2045, at a level consistent with the requirement of sustainable economic growth, social development and environmental protection.

Answer: (e)

The Indian credit rating industry mainly comprises

1. CRISIL,
2. CIBIL,
3. ICRA,
4. CARE,
5. ONICRA,
6. FITCH and
7. SMERA.

The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. RBI is India’s central bank. SIDBI (Small Industries Development Bank of India) financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises in India.

Answer: (a)